Lucapa Reaches “Record” Mining Volumes In Q1 2023

Australian miner Lucapa Diamond, which operates mines in Angola (the Lulo mine) and Lesotho (the Mothae mine), has announced that it mined “record volumes” in the first quarter of the year (ended 31 March), according to IDEX Online.

Lucapa sold 7,162 carats from Lulo during Q1 – a rise of 75% year-on-year, while price per carat dropped 36% to $1,759. Sales from Mothae totaled 6,315 carats – a 25% drop year on year, while carat price rose 28% to $887.

Stephen Wetherall, Lucapa’s Managing Director, said: “The mining and exploration programs performed exceptionally well with more records being achieved in the first quarter of 2023.”

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